Many communities across the nation still lack affordable housing. And many officials continue to claim that "affordable housing" is an oxymoron. Buildinginexpensively is impossible, they say, because there are too many regulations. Required environmental impact statements and habitat protection...

In this paper the authors present an agent-based model of a credit network economy. The artificial economy includes different economic agents that interact using simple behavioral rules through various markets, i.e., the consumption goods market, the labor market, the credit market and the...

This paper investigates the housing and mortgage markets by means of an agent-based macroeconomic model of a credit network economy. A set of computational experiments have been carried out in order to explore the effects of different households’ creditworthiness conditions required by banks...